TKO Group Holdings, Inc. (NYSE:TKO) Given Average Rating of “Moderate Buy” by Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $159.36.

Several research analysts have commented on the stock. Guggenheim upped their target price on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley increased their price objective on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. UBS Group increased their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th.

TKO Group Stock Up 1.0 %

TKO stock opened at $149.41 on Friday. The stock has a market cap of $25.57 billion, a PE ratio of -355.73 and a beta of 0.90. The firm’s 50-day simple moving average is $152.07 and its 200 day simple moving average is $142.34. TKO Group has a fifty-two week low of $94.32 and a fifty-two week high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.02%. TKO Group’s dividend payout ratio is currently 7,600.00%.

Insider Activity

In related news, Director Sonya E. Medina bought 233 shares of TKO Group stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. This trade represents a 13.19 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Kraft purchased 3,500 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the purchase, the director now directly owns 23,500 shares in the company, valued at $3,306,215. This represents a 17.50 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 1,795,794 shares of company stock worth $286,450,289 and sold 5,833 shares worth $838,785. Insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several hedge funds have recently made changes to their positions in TKO. HighTower Advisors LLC boosted its position in shares of TKO Group by 177.2% in the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after buying an additional 16,746 shares during the period. Integrated Wealth Concepts LLC grew its stake in TKO Group by 6.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock valued at $263,000 after acquiring an additional 125 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of TKO Group by 3.0% in the 3rd quarter. Stifel Financial Corp now owns 24,837 shares of the company’s stock valued at $3,073,000 after purchasing an additional 729 shares during the period. MML Investors Services LLC increased its holdings in shares of TKO Group by 3.8% in the 3rd quarter. MML Investors Services LLC now owns 5,604 shares of the company’s stock valued at $693,000 after purchasing an additional 207 shares during the period. Finally, M&T Bank Corp lifted its position in shares of TKO Group by 17.1% in the third quarter. M&T Bank Corp now owns 2,669 shares of the company’s stock worth $330,000 after purchasing an additional 389 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.